THE IMPACT OF BANKING SECTOR ON ECONOMIC GROWTH AND SUSTAINABLE ECONOMIC DEVELOPMENT: THE CAUSALITY TESTS ON TURKISH ECONOMY (1981-2009)

Year 2013, Volume: 35 Issue: 2, 49 - 80, 12.03.2015

Dilek Tandoğan , Hasan Özyurt

Abstract

This study aims to reveal the relationships between banking sector and sustainable economic development and economic growth for the case of Turkey economy. The concept of sustainable economic development emphasizes the necessity of considering social and environmental elements altogether besides economic growth. Accordingly, the series of human development index (HDI), sustainable human development index (SHDI) and external debt sustainability were used to measure the sustainable economic development. Causality Test developed by Toda and Yamamoto (2005) was used to determine the relationships between these series. The findings reveal the linear relationships from banking sector to both sustainable economic development and economic growth. These empiric results suggest that banking sector could be used as an effective tool to make progress in economic growth and social and environmental fields

Keywords

Banking Sector, Sustainable Development, Causality Analyses

BANKACILIK SEKTÖRÜNÜN EKONOMİK BÜYÜME VE SÜRDÜRÜLEBİLİR EKONOMİK KALKINMA ÜZERİNE ETKİSİ: TÜRKİYE EKONOMİSİ ÜZERİNE NEDENSELLİK TESTLERİ (1981-2009)*

Abstract

Bu çalışma, Türkiye ekonomisi özelinde bankacılık sektörü ile sürdürülebilir
ekonomik kalkınma ve ekonomik büyüme arasındaki ilişkileri ortaya koymayı amaçlamaktadır. Sürdürülebilir ekonomik kalkınma kavramı ekonomik büyümenin yanı sıra
sosyal ve çevresel öğelerin bir arada düşünülmesi gerektiğine vurgu yapmaktadır. Bu
doğrultuda sürdürülebilir ekonomik kalkınmayı ölçmek için beşeri gelişme endeksi
(HDI), sürdürülebilir beşeri gelişme endeksi (SHDI) ve dış borcun sürdürülebilirliği
(DBX) serilerinden yararlanılmıştır. Seriler arasındaki ilişkilerin tespit edilmesinde
Toda ve Yamamoto (1995) tarafından geliştirilen nedensellik sınaması kullanılmıştır.
Elde edilen bulgular, bankacılık sektöründen hem büyümeye hem de sürdürülebilir
ekonomik kalkınmaya doğru nedensellik ilişkilerini ortaya koymuştur. Bu ampirik sonuçlar, ekonomik büyümede ve sosyal ile çevresel alanlarda ilerlemeler kaydedilmesi
için bankacılık sektörünün etkin bir araç olarak kullanılabileceğini ortaya koymaktadır.

Keywords

Bankacılık Sektörü, Sürdürülebilir Ekonomik Kalkınma, Nedensellik Testi

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